International Assets Investment Management LLC Buys New Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

International Assets Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 11,862 shares of the company’s stock, valued at approximately $577,000.

A number of other institutional investors also recently bought and sold shares of LMBS. Sanctuary Advisors LLC lifted its stake in First Trust Low Duration Opportunities ETF by 50.9% during the third quarter. Sanctuary Advisors LLC now owns 77,065 shares of the company’s stock worth $3,748,000 after purchasing an additional 25,983 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $2,032,000. Brown Financial Advisors acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $2,613,000. Insight Inv LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 14.7% in the 3rd quarter. Insight Inv LLC now owns 11,695 shares of the company’s stock valued at $578,000 after buying an additional 1,500 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in First Trust Low Duration Opportunities ETF by 53.8% during the 3rd quarter. Continuum Advisory LLC now owns 35,767 shares of the company’s stock worth $1,741,000 after acquiring an additional 12,505 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $48.43 on Friday. The company has a fifty day moving average of $48.73 and a two-hundred day moving average of $48.85. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a yield of 4.21%.

First Trust Low Duration Opportunities ETF Company Profile

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.